Binance and Bitget Probe RAVE Token After 4,500% Surge and Crash
ZachXBT alleges insiders controlling 90% of supply engineered a short squeeze that caused $44 million in liquidations. RAVE has dropped over 50% from its $27 peak.
Binance is the largest crypto exchange in the world by trading volume and one of the most consequential companies in the entire industry, despite the legal and regulatory pressure that has reshaped its operations over the last several years. The coverage here tracks what matters: volume and market share across spot, futures, and options as Binance defends its position against Coinbase, OKX, Bybit, and the rest of the global venue landscape, regulatory actions from the DOJ settlement to ongoing pressure from the SEC, CFTC, and international regulators, token listings and delistings that move altcoin prices within minutes of announcement, BNB Chain developments and the broader Binance ecosystem of products including Launchpad, Earn, and the Web3 wallet, the Changpeng Zhao narrative as the founder transitions out of executive roles but remains the dominant public face of the brand, and Star Xu vs CZ and the recurring industry feuds that occasionally turn into billion dollar wagers. Binance moves the market when it acts. A listing announcement creates immediate volume. A delisting triggers a sell-off. A wallet movement gets analyzed within minutes. Coinliva covers the listings, the regulatory cases, the executive moves, and the broader question of how an exchange this large operates under permanent regulatory scrutiny across multiple jurisdictions.
ZachXBT alleges insiders controlling 90% of supply engineered a short squeeze that caused $44 million in liquidations. RAVE has dropped over 50% from its $27 peak.
The decentralized AI compute protocol raised $78 million from a16z, Galaxy, and CoinFund. Only 13% of tokens are circulating. Binance gave it a Seed Tag.
Binance cut 12 spot pairs. Bybit removed 7 tokens entirely. Coinbase pulled DAI, TIME, and a dozen futures pairs. The cleanup happened while Consensus Miami was running.
The same investigator who crashed RAVE is now offering $10,000 bounties for LAB market-making contracts. The founders ran a token that dropped 93% before this one.
Two buyers, 20% each, through new shares. Hours earlier Hana Bank paid $670 million for Upbit's parent. Every major Korean exchange now has a suitor.
Low trading volume and failure to meet ongoing listing standards are the stated reasons. Trading pairs will be removed on April 23, 2026, though withdrawals will remain supported until further notice.
Changpeng Zhao wrote most of his 457-page memoir inside a federal prison facility. He released it on April 8, 2026, with all proceeds going to charity. It is the most detailed first-person account of Binance's rise — and of the events that ended his tenure as CEO. The book is candid where candor is safe. Where it is not, it is carefully constructed. Both things are worth understanding.
The Binance founder told Consensus Miami that American crypto traders get worse prices than everyone else. He floated reviving Binance.US as one fix. The other option is bolder.